The main task of the new managing director of Metinvest will be to search for an external financing source

The new financial director of the Metinvest group was appointed 35-Russian Aleksey Kutepov, who will replace Sergey Novikov, who has been working in the holding from the moment of its founding in 2006. This was officially announced today by the press service of Metinvest.

Sergey Novikov will go to Geneva (Schwein) to look for money for metinvest. He "concentrates his efforts to attract external financing for the company as the managing director of the financial bloc of Metinvest," the report said.

The new CFO financial officer (Chief Financial Officer) Metinvest Kutepov worked for the past seven years in the structures of the Russian industrial holding Sibur and, according to Forbes.ua, managed three times less money.

He left Sibur from the post of director of economics and finance of one of the four departments of the holding - a directorate of hydrocarbon raw materials. “For the past two years, Alexei Kutepov served as the director of economics and finance of the Subur-Holding Castricial Raw Directorate, where he was responsible for the introduction of automated internal processes of the company, support of M&A transactions, and increase the production efficiency of holding enterprises,” the Metinvest press service said.